510 Spruce St, Farmington, MN, 55024 | $517/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Farmington at 510 Spruce St, Farmington, MN, 55024 offers $2,306/mo rent that, after a $1,402/mo payment, leaves $517/mo cash flow. Total monthly income is $2,306/mo, and annual cash flow is $6,208/yr on $94,958 cash. Return on cash invested measures 26.45% in year one, and rental yield stands at 9.66% at a $286,450 entry. Equity gained on principal adds $1,848/yr while 5% annual appreciation compounds into $79,141 by year five. Five-year ROI records 138% and total cumulative return in cash reaches $131,046. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,306/mo property income versus a $1,402/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1910

6,795 sqft lot

$N/A/sqft

No HOA